“The industrial bakery and pastry sector is more exposed than the business sector, with regard to the risk of late payment and the risk of closing with outstanding debts and 19% of companies are at high risk of registering a payment delay of more than 90 days in view of the terms agreed to at least one of its creditors ”. This was one of the conclusions of a study by Informa D&B, with indicators for 2019, presented by Pedro Gomes.
For this year, the head of Informa D&B considers that due to the health crisis caused by covid-19, it is possible to anticipate a drop in revenues and profitability in the sector. The industrial bakery and pastry sector has 6906 companies and employs 25,000 professionals. Exports reached 258 million euros in 2019.
Carlos Varandas, president of the general assembly of the Association of Bakery, Pastry and Similar Industries of Lisbon (AIPL), pointed out as a priority “the retrofitting and modernization of production processes since the traditional bakery sub-sector did not receive support from programs Operational for these purposes "for which he defended" special government support designed to the sector ". Carlos Varandas recalled that the main collective customers of traditional bakery belong to the catering and hospitality sectors that are very affected by the covid-19.
These and other issues were exposed and discussed at the seminar “The Future of Portuguese Breadmaking”, a hybrid event organized by AIP and AIPL, on 12 November.
You can watch the full session here: